X

Asahi Songwon Colors Ltd. Stock Analysis

Small Cap
Evaluated by 532 users | BSE: 532853 | NSE: ASAHISONG |
Dyes & Pigments
Asahi Songwon Colors was incorporated in 1990 as privately owned company- Asahi Dyechem. The company was founded by Paru Jaykrishna.Later in 1996-97, Songwon Colors of South Korea decided to enter into a joint venture with Asahi Dyechem with financial investment and technological...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 10.51%16.81%16.96%7.77%10.25%11.27%12.97%14.69%10.16%8.74%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 127184234232302240224253293294
Y-o-Y Gr. Rt.-45.3%27%-0.7%30.1%-20.7%-6.5%13.2%15.4%0.4%
Adjusted EPS (Rs.) 7.5916.3618.258.413.1914.5715.7820.7916.6815.35
Y-o-Y Gr. Rt.-115.6%11.6%-54%57%10.5%8.3%31.8%-19.8%-8%
Book Value per Share (Rs.) 64.1777.4892.5997.75105.6896.11110.83129.17148.01157.75
Adjusted Net Profit 9.320.122.410.316.217.919.425.520.518.8
Net Op. Cash Flow (Rs. Cr.) 4.413.840.717.420.52531.728.15.927.1
Debt to Cash Flow from Ops 8.573.521.174.083.931.941.41.2512.952.29
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Asahi Songwon Colors Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 9.8%-0.6%9.5%0.4%
Adjusted EPS 8.1%3.1%-0.9%-8%
Book Value per Share 10.58.312.56.6
Share Price 9.3% 11.6% -11.1% 57.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 11.9122.4121.098.7712.9414.4315.2517.3312.0410.04
Operating Profit Margin (%) 15.2116.2918.6110.7112.8115.117.5218.7213.1613.73
Net Profit Margin (%) 7.3510.919.594.445.367.468.6510.0776.41
Debt to Equity 0.480.510.420.590.620.410.330.220.420.32
Working Capital Days 194168145152139170151142157176
Cash Conversion Cycle 928065675876737179101
Entity Percentage Holding
Promoters 66.42%
Institutions 0.24%
Non-Institutions 33.34%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Asahi Songwon Colors's performance infers:

Asahi Songwon Colors earnings have grown by 3.1%, whereas share price has appreciated 11.6% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Asahi Songwon Colors share prices over the last 10 years. Here is what we found out:

Asahi Songwon Colors share price has appreciated 9.9% annually over the past ten years.

Asahi Songwon Colors was incorporated in 1990 as privately owned company- Asahi Dyechem. The company was founded by Paru Jaykrishna.

Later in 1996-97, Songwon Colors of South Korea decided to enter into a joint venture with Asahi Dyechem with financial investment and technological collaboration. Thus, company’s name was changed to Asahi Songwon Colors

Asahi Songwon initially established manufacturing facility for pigment green 7 with a capacity of 600 MT. Then, after getting

Asahi Songwon Colors was incorporated in 1990 as privately owned company- Asahi Dyechem. The company was founded by Paru Jaykrishna.

Later in 1996-97, Songwon Colors of South Korea decided to enter into a joint venture with Asahi Dyechem with financial investment and technological collaboration. Thus, company’s name was changed to Asahi Songwon Colors

Asahi Songwon initially established manufacturing facility for pigment green 7 with a capacity of 600 MT. Then, after getting good international market, the capacity has been increased to 1200 mt/annum.

In 2005, Asahi Songwon Colors started manufacturing of CPC Blue Crude 5N with the technology of Clariant Songwon Colors of South Korea.

From existing capacity of 4000 MT/A, very soon company is planning to double the blue crude capacity. The company also intends to diversify in to allied products.

Asahi Songwon Colors' research and development laboratory is located at Asahi Green Plant site, which provides technical service to customers and seeks to develop new products suited to customer needs.

Products manufactured by the company:

  • Pigment Green 7
  • CPC Blue Crude
  • Pigment Alfa Blue 15:0
  • Pigment Alfa Blue 15:1
  • Pigment Beta Blue 15:3

Awards/ recognition:

Company’s pigment facility is located at Mehsana district and its figment blue facility in Vadodara district of Gujarat. Both plants have received ISO 14001:2004 certification.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback